American Electric Power Company Inc
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Utilities : Electric Utilities | Large Cap Value
Company profile

American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco develops, constructs and operates transmission facilities.

Closing Price
Day's Change
0.55 (0.65%)
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Big Tech shares soar as fears of a blue wave stoking antitrust probes subside

11:25 am ET November 4, 2020 (MarketWatch)

Shares of Big Tech were up sharply early Wednesday after national election results strongly hinted at a split government instead of a Democratic-led blue wave and subsequent antitrust push. Shares of Facebook Inc. (FB) soared 8%, while Alphabet Inc.'s (GOOGL)(GOOGL) Google catapulted 7%. Inc. (AMZN) was up 6%, and Apple Inc. (AAPL) jumped 3%. All four companies face government actions for their business practices. Investors had been bracing for an acceleration of those efforts in the event the Democrats won the White House, Senate, and House. "We now see a material reduction in the possibility of a meaningful overhaul to existing anti-trust law, which, in our view, was the primary risk vector to big tech in a blue wave," Evercore ISI analyst Benjamin Black said in a note Wednesday. "[Facebook] and [Google] are major winners on this front, followed by [Amazon]."

-Jon Swartz; 415-439-6400;

(END) Dow Jones Newswires

November 04, 2020 11:25 ET (16:25 GMT)

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